Address Poisoning Attack Leads to $1.256 Million USDT Loss
A victim mistakenly sent over $1.2 million USDT to a scammer within minutes of the attacker’s initial decoy transaction, according to the alert.
USDT
Summary
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Terms & Concepts
Address poisoning attack: A scam where an attacker sends a small transaction from an address similar to the victim's usual contacts, tricking them into sending funds to the wrong address.
USDT (Tether): A stablecoin pegged to the value of the U.S. dollar, commonly used for crypto transactions.